Pick nice tenants, sure, but these people are not friends...they are our customers.

His last reply email today was for me to stop contacting him so much and that he can not assist me any further except to refer me back to his last email, which said:Robert:We only have time to deal with serious customers who truly want to learn.

Cap rate for the area is tough to pin down (CA) - and the numbers the agents throw out are laughable. 

Benefits: The entrepreneur, and his customers, are shored up by a much more reliable source of funds at a cost that is easily affordable to them.

You can actually customize the different ways the tenants pay you, which is cool.

Right now appreciation in Oakland CA is pinned at about 7% per year for the next 2 years: http://www.bizjournals.com/sanfrancisco/blog/real-...If that holds true, I should be able to roll out of PMI in 2 years, as I am getting the property at a small discount.

Although not construction related, I own a lawn care business which is similar when it comes to vetting potential customers.

My wife and I run the property management company and being investors  we treat all of our  customers rental properties as if they were our own .  

Are you talking about a custom built multi-family?  

Set yourself apart from the top dogs by explaining that you can take more time with your customers because you have less clients:) be honest, and show your passion and you will do fine!!